HSCM Bermuda Management Company has formed Bumblebee Re, a special purpose insurer, after receiving approval from the Bermuda Monetary Authority

The US has introduced the Pandemic Risk Insurance Act of 2020, which aims to cover losses and protect the US economy in anticipation of a resurgence of COVID-19 and future pandemics

A.M. Best has affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont, based in Burlington, Vermont

The Hellenic Association for Risk Managers has become a member of the Federation of European Risk Management Association, bringing its membership to a total of 22 national risk management associations in 21 European countries

The Labuan Financial Services Authority has revealed that its insurance industry showed “modest top-line growth but higher profitability performance” last year, according to its Labuan International Business and Financial Centre market performance

QBE North America has promoted Steve Gransbury to head of specialty insurance, a newly created group of existing QBE businesses, and Tara Krauss to head of accident and health

Nichol & Co, an actuarial and risk consulting firm, will host a webinar on the captive insurance industry in The Bahamas to promote the industry to local professionals and other service providers on 28 May 2020

The Federation of European Risk Management Association has called on the European Commission to create an EU resilience framework for catastrophic risks to address the lack of coverage available for financial losses resulting from non-physical damage

Oklahoma’s governor Kevin Sitt has signed HB 3864 into law, which sets out how premium taxes by captive insurers should be distributed within the state of Oklahoma

Paul Owens is set to join Strategic Risk Solutions’ board of directors, serving as an independent director as well as a strategic advisor

Bragar Eagel & Squire, a US stockholder rights law firm, has launched an investigation into whether the board members of WTW breached fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Aon

Catharina Richter has been appointed global head of Cyber Center of Competence (CoC) for Allianz Group, effective 1 June 2020